Jeremy L. Dillon
WC Monitor
6/19/2015
Studsvik and AECOM have separated their partnership in the THOR Treatment Technologies joint venture, the company announced this week. The two companies had worked together for 13 years, but Studsvik President Howard Stevens said it believes the technology and the company can stand on its own. “There are several significant opportunities in the DOE complex over the next 12 to 18 months,” Stevens said in a statement. “It is imperative that Studsvik position itself in the best way to win work from these opportunities. Studsvik’s THOR technology can treat some of DOE’s most troublesome waste streams in an efficient, cost effective and reliable manner. While Studsvik will no longer have a joint venture with AECOM, we welcome the chance to work with AECOM and other organizations on future projects within the DOE complex.”
The THOR technology is a patented steam reforming process developed and implemented to treat a broad range of radioactive wastes, the company said. The joint venture helped advance the THOR technology within the DOE complex, most notably at the Integrated Waste Treatment Unit at the Idaho cleanup project. According to AECOM spokesman Keith Wood, the separation would not affect work already under contract. “THOR Treatment Technologies, LLC, a joint venture of Studsvik, Inc. and AECOM, announced that it will terminate the pursuit of future business opportunities, effective immediately,” he said in an email this week. “This decision will not affect THOR Treatment Technologies ongoing business activities and current commitments. All commitments and obligations will be met regarding the implementation of the patented THOR waste treatment technologies within the U.S. Department of Energy (DOE) Complex, most importantly at the Integrated Waste Treatment Unit (IWTU) located at the Idaho National Laboratory.”
